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SpanishDAILY ANALYSIS REPORT APRIL 05 2022
AUD / USD
| Commentary : The Aussie trades flat ahead of RBA’s Cash Rate Decision and hovers around $0.7550 mark. Today pair made intraday high at $0.7548 and low at $0.7535 mark. A day chart and H1 chart with triple EMA suggest bullish trend for the time being. A sustained close above $0.7550 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7502 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7622 | S1 | 0.7502 |
| R2 | 0.7640 | S2 | 0.7480 |
| R3 | 0.7658 | S3 | 0.7461 |
| R4 | 0.7681 | S4 | 0.7437 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7620 | Sell Below : 0.7521 | ||
| – Take Profit : 0.7662 | – Take Profit : 0.749 | ||
| – Stop Loss : 0.7587 | – Stop Loss : 0.7540 | ||
EUR / USD
| Commentary : The euro fell sharply on Monday and stabilizes below $1.1000 mark ahead of Euro Zone’s Services PMI data. The pair made intraday high at $1.0979 and low at $1.0965 mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above $1.0999 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0950 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.0999 | S1 | 1.0950 |
| R2 | 1.1026 | S2 | 1.0915 |
| R3 | 1.1054 | S3 | 1.0900 |
| R4 | 1.1082 | S4 | 1.0872 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.0991 | Sell Below : 1.0950 | ||
| – Take Profit : 1.1026 | – Take Profit : 1.0918 | ||
| – Stop Loss : 1.0961 | – Stop Loss : 1.0975 | ||
GBP / USD
| Commentary : The Sterling exhibits range bound movement and consolidates around $1.3115 mark ahead of U.K.’s Services PMI data. Today pair made intraday high at $1.3122 and low at $1.3106 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3130 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3099 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3130 | S1 | 1.3099 |
| R2 | 1.3176 | S2 | 1.3076 |
| R3 | 1.3192 | S3 | 1.3052 |
| R4 | 1.3224 | S4 | 1.3021 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3130 | Sell Below : 1.3090 | ||
| – Take Profit : 1.3156 | – Take Profit : 1.3065 | ||
| – Stop Loss : 1.3105 | – Stop Loss : 1.31115 | ||
USD / CAD
| Commentary : The CAD moves in rigid boundaries ahead of Canada’s Trade balance data and slips back below 1.2500 mark. The pair made intraday high at 1.2492 and low at 1.2478 mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above 1.2499 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2472 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2499 | S1 | 1.2465 |
| R2 | 1.2530 | S2 | 1.2430 |
| R3 | 1.2555 | S3 | 1.2412 |
| R4 | 1.2572 | S4 | 1.2400 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2502 | Sell Below : 1.2480 | ||
| – Take Profit : 1.2528 | – Take Profit : 1.2455 | ||
| – Stop Loss : 1.248 | – Stop Loss : 1.2499 | ||
USD / JPY
| Commentary : The Japanese yen trades marginally higher on Tuesday after mixed Economic results and hovers around 122.50 mark. The pair made intraday high at 122.85 and low at 122.37 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 122.94 on H1 chart requires for the upside rally. Alternatively, a consistent close below 122.11 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 122.94 | S1 | 122.11 |
| R2 | 123.18 | S2 | 121.95 |
| R3 | 123.55 | S3 | 121.78 |
| R4 | 123.78 | S4 | 121.40 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 123.02 | Sell Below : 122.2 | ||
| – Take Profit : 123.37 | – Take Profit : 121.90 | ||
| – Stop Loss : 122.77 | – Stop Loss : 122.52 | ||
GOLD
| Commentary : Gold enjoys roller coaster movement and remains well supported below $1,940 mark. Today pair made intraday high at $1,933 and low at $1,926 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,934 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,921 will check further supports. U.S. ISM Services PMI and Trade balance data will remain in focus. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1934 | S1 | 1921 |
| R2 | 1938 | S2 | 1916 |
| R3 | 1942 | S3 | 1911 |
| R4 | 1948 | S4 | 1906 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1934 | Sell Below : 1921 | ||
| – Take Profit : 1940 | – Take Profit : 1914 | ||
| – Stop Loss : 1928 | – Stop Loss : 1928 | ||
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